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Financial Trust Index
Anger at the state of the economy reaches its highest level in nearly three years, new report finds
The latest issue of the Chicago Booth/Kellogg School Financial Trust Index finds that only 23 percent of Americans say they trust the country’s financial system. And, trust in banks continues to slide downward.
Also, 62 percent of people surveyed described themselves as angry or very angry about the current economic situation. “This is the highest level of anger we’ve measured since March 2009,” said co-author Paola Sapienza, the Merrill Lynch Capital Markets Research Professor of Finance at the Kellogg School. “In an election year, this certainly indicates the importance of the economy to the political agenda.”
The Chicago Booth/Kellogg School Financial Trust Index measures public opinion over three-month periods to track changes in attitude. Today’s report is the 13th quarterly update and is based on a survey conducted in December 2011.
Visit the Chicago Booth/Kellogg School Financial Trust Index to read the full report.
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| Wave 13 Results The December 2011 Financial Trust Index shows a drop in trust of banks, while trust in mutual funds and large corporations rose slightly. |
The Chicago Booth/Kellogg School Financial Trust Index measures public opinion over three-month periods to track changes in attitude. Today’s report is the 13th quarterly update and is based on a survey conducted in December 2011.
Visit the Chicago Booth/Kellogg School Financial Trust Index to read the full report.